Preview

Domino's Pizza Balance Scorecard

Best Essays
Open Document
Open Document
2961 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Domino's Pizza Balance Scorecard
Balanced scorecard of DOMINO’S PIZZA

TABLE OF CONTENTS: 1) Introduction 2) Customers perspective 3) Internal processes 4) Innovation and learning 5) Financial Perspective 6) Conclusion 7) References

1) Introduction The following report is going to analyse the Balanced Scorecard of Domino’s Pizza. The structure is divided in four parts beginning with the customer perspective, internal processes, innovation and learning as well as the financial perspective. The BSC is a framework that measures the drivers of future performance. Moreover it complements the financial measures with operational measures of a company. The four perspectives mentioned above are derived from the organisation’s vision, mission, strategy and objectives. Domino's Pizza is recognised as the world's leading pizza delivery company. The expertise and passion for delivering hot and fresh pizzas has earned the company numerous awards and the loyalty of millions of pizza lovers around the world.

2) Customer perspective Before understanding how customers see the company and how the company could satisfy its customers, the question of who are the target customers has to be settled down. According to Annual report 2009, the deliveries have been made to 3.4m households, of which 26.9% were new customers. It



References: http://www.dominos.uk.com/pdf/information_pack.pdf.com/ [Accessed 4 December 2010]. The Associated Press (2010) Domino’s pizza ads take daring approach. [Online]. Available at: http://www.nola.com/business/index.ssf/2010/01/post_20.html [Accessed 4 December 2010]. Riley, G. (2010). Dominos Pizza – Growth & Strategy – Innovation, service and smart operations.[Online] Available at: http://tutor2u.net/blog/index.php/business-studies/comments/dominos-pizza-growth-strategy-part-2-innovation-service-and-smart-operation/ [Accessed 4 December 2010]. Innovation at Dominos Pizza franchise. (2010). [Online]. Available at: http://www.whichfranchise.ie/franchiseNews.cfm?articleId=140 [Accessed 4 December 2010].

You May Also Find These Documents Helpful

  • Better Essays

    A balanced scorecard is a tool to provide management a way to bridge the gap between the organization’s strategy and vision and the operational processes used to do business. It enables the company to look at more than just the financial targets, but to include nonfinancial measures such as customer service, internal business processes and more. These intangible measures provide better focus on the organization’s long-term strategies. This paper is an attempt to analyze Frieda Fizz decision to utilize a balanced scorecard as they expand into new geographic areas. The strengths and weaknesses of each perspective are discussed along with the pros and cons of using such an approach. It is recommended that Frieda Fizz use this tool through its expansion phase, keeping in mind that whether such an approach succeeds or not depends on organizational support and continual review of its objectives and measures.…

    • 1163 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Eco 550 Week 3 Assignment

    • 2175 Words
    • 9 Pages

    In this assignment I will be discussing the consideration of Domino’s Pizza entering the market place in the Washington DC’s Georgetown community. I selected this area because it is highly populated with tourists that may want to grab a quick bite to eat while shopping and touring the area and the local upper class working singles that often don’t have time to cook after a long day at work. I have conducted research and gathered information forecasting the demand for this business based on population, household income and other pizza establishments in this area along with the average cost for pizza. Based on the research and demand analysis we should be able to determine if it would be in the best interest of the Domino’s Pizza Company to establish an operation in this community.…

    • 2175 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    The food industry in Canada, with its highly competitive market continues to evolve and change each day, affected by its financial surroundings, mechanical progression and accordingly, the shifting nature of consumer behavior (Office of Consumer Affairs, 2013). Canadian restaurant sector can be divided into three groups, the fast food or quick service, the mid- scale casual dining, and the fine dining. Ostensibly dominating the second group of casual dining is the Boston Pizza International Inc. (also known as BP). This research project is based on the Boston Pizza perceived as a Platinum Member of Canada 's 50 Best Managed Companies. This is to appreciate how the company has placed itself in the market and the factors at play, which have contributed not only to scale the pinnacle of success but also ward off the strategies of competitors and new entrants alike. Data collected is through the information available on the company’s website and other relevant websites, journals and articles and hence the implied limitation. It begins with the evaluation of the impact of various functions of the Boston Pizza such human resources, finance, operations, and marketing. Review of the organizations design and departmentalization with respect to the geographic location, products, services, and marketing…

    • 6343 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    New Product Launch Part II

    • 2923 Words
    • 12 Pages

    The following shall detail situational analysis, market growth potential, a competitive analysis, segmentation, target markets, and positioning. It is with these descriptions that the Chinese Supreme Pizza will conclude to reach younger individuals…

    • 2923 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Papa John's

    • 1757 Words
    • 8 Pages

    Papa John’s is the world’s third largest pizza chain, trailing Pizza Hut and Dominos. (Exhibit 4, pg. 11) Although Papa John’s has established a notable amount of success in the industry, to have only existed for a shorter period of time than its rivals, there are existing opportunities that would help Papa John’s to gain competitive advantage and build on its core competencies.…

    • 1757 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Thus there is a need for balanced representation of both financial and operational measures. Kaplan and Norton have devised a balanced scorecard- a set of measures that give top managers a quick but comprehensive view of the business. The balanced scorecard consists of – a)financial measures that measure the actions already taken. b)The scorecard also contains operational measures such as customer satisfaction, internal processes and the organisation’s innovation and improvement activities. The balanced scorecard can be compared with dials and indicators in an airline cockpit.…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Domino's Pizza

    • 7000 Words
    • 28 Pages

    “Strategic and Financial analysis of Domino’s Pizza, Leadership of Deliver’s Pizza which representing ¼ of the global fats food’s market in UK”…

    • 7000 Words
    • 28 Pages
    Powerful Essays
  • Better Essays

    Measurement System

    • 851 Words
    • 4 Pages

    The four perspectives in balanced scorecard are affected by each other. For any type of business, finance is always the foundation of the company. The successful finance is able to support the company’s internal operation as well as learning and growth. The objective of internal operation is to know which processes are important and to make the process more efficient. Therefore, meeting the objective may satisfy the companies’ customers and shareholders. In addition, from learning and growth perspective, the company may focus on training employees and extending the organization’s culture, which will cause the sustainability of the company. Also, how the business performances directly influences the degree of customers’ satisfaction. In contrasts, the satisfaction of customers will lead a better financial performance.…

    • 851 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    For 25 years Domino’s pizza has been opening doors to new customers, new stores, new locations, new ideas, and new business…

    • 5049 Words
    • 21 Pages
    Powerful Essays
  • Better Essays

    Economics

    • 1017 Words
    • 5 Pages

    Domino’s pizza showed strong financial performance during 2011 which has given the company a significant amount of flexibility and freedom given the increase in revenues, earnings power, strategies for the future and continued growth. However, Domino’s has to decrease customer churn, drive up same- store sales and continually reinforce and strengthen their brand, capitalize on sociocultural shifts occurring in United States, centrally redefine its in store dining strategies, relative to growing online sales. Lesser competitors have higher in store and same store sales than Domino’s and also have a broader mix of lunch and…

    • 1017 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    The internal analysis will look into how Domino’s Pizza uses their resources to create value in their products and services while gaining a competitive advantage against their rivals. The RCC Model is used in this analysis to look into the different set of resources and capabilities that Domino’s Pizza is equipped with.…

    • 5183 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    Balance Scorecard

    • 372 Words
    • 2 Pages

    In the early of 1980ies, a number of different performance measurement frameworks have been developed of which the balance scorecard by Kaplan and Norton is the most commonly accepted tool by scholars as well as by practitioners (Thakkar, 2007). The balance scorecard translates the mission and strategy of an organization into many goals. It uses financial and non-financial measurements within Financial, Customers-oriented, Process-oriented, Innovation and Learning in order to achieve the set targets. A critical assumption of balance scorecard is that each performance measure is part of a cause-and-effect relationship, which means these four dimensions interrelated to each other will build a line of cause-and-effect relationship. The forth perspective of “Innovation & Learning” explains about the knowledge and development of members of an organization and affects the quality of the processes within the Louis Vuitton firm. Through effective business processes “Process-oriented” are measured, the high quality is delivered leading to customer satisfaction which is the focus of the “Customer-oriented” perspective. Lastly, at the “Financial” dimension, the financial indicators will be measured by the balance scorecard. These four balance measurement categories are not only linearly related, but also are interdependent from each other (Evans, 2005).…

    • 372 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Pizzahut

    • 701 Words
    • 3 Pages

    Description: This report on Pizza Hut forms part of a series of case studies, which explores business practices across a…

    • 701 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Research Report on Dominos

    • 5978 Words
    • 24 Pages

    Just a decade ago, it might have been hard to imagine that the take-out food of choice for millions of Indians would be baked goods of Italian origin. But since then, calling for a Pizza has become quite the urban ritual, though it’s possible that many of the pies that…

    • 5978 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    Domino's Pizza Case Study

    • 920 Words
    • 4 Pages

    Nowadays, people are required for fresh and quality product such as food that provided by any restaurant. Thus, to fulfill the customers’ needs Domino’s Pizza provides a quality and innovative products for the entire customer to maintain the regular customer and adding more new customer. It may build customers loyalty too. On the menu that provided, customers are allowed to choose their own favorite pizza with promotion that offered and also they might add-on or remove the toppings or sauces according to their appetite.…

    • 920 Words
    • 4 Pages
    Good Essays